VCs still dot-com wary

By

Nicholas Lockley

October 2, 2000 5:00 p.m. GMT

Venture capitalists are still cautious about investing in dot-coms, despite early signs of recovery in the sector.

According to a PricewaterhouseCoopers report published last week, the top 150 publicly listed European internet companies, which have a combined market cap of Â¤200bn ($175bn), have shown an improvement in their burn rates.